Keep your head held high. 

Looking back, do you really think a 5% return vs 7% return really matters if you could have bought a 4plex in San Diego, CA and held it for 20 years?

For 40k I can get a "lifetime" metal roof.

This was with the same bank that held the mortgage, so they made it REALLY easy.

Tell me what you want and I can make it happen (in wood, not metal).

@Javier D. you could assume the existing mortgagePay it off with a new loan and let the seller carry back a second.Leave the mortgage in place and transfer the LLC if the property is held in one.

Any help hereWhen you purchase a property with existing tenants, the typical process involve the seller landlord handing over to you a copy of their leases, their security deposits, as well as estoppel letters SIGNED by the tenants stating they have a lease, rent is paid till when, how much deposit held by seller, and no other written or non-written agreement exist between the tenants and the seller. 

Metal lath or rock lath?

On the flip side, if you do have to bring additional capital to close, find out what that amount is and see if that amount more (or less) than you if you held on till next August.Determine the over the water timeline: If you keep REFi-ing as you said to cut $100 off the mortgage every year, when is that going to stop and are you able to support that extra CapEx of 300-400 every month?

Held for over a year.